111
111
Jan 21, 2013
01/13
by
FBC
tv
eye 111
favorite 0
quote 0
the state of the union, on february 1 #* 12th, there's a deal about deficit reduction, and the ceiling. >> i hope you are right. he's had four years now to really put out there a serious entitlement reform, and he has not because he's not interested in it and the base is not interested in it. >> that will happen, that will happen. >> he gave no conclusion whatsoever if you read the speech, listen to the speech, it was all about the collectivism that thing z have to be done together, justifying the role of expansionist government, and there was no discussion at all about limiting government whatsoever so i hope he does what we're being told he's going to do, but i'm skeptical right now. >> in fact, he even said we got to pay more attention to climate change, tipped the hat, again, to the green energy program, listen to this. >> >> we will respond to the threat of climate change knowing that the failure to do so would betray our children and future generations. path towards sustainable energy sources will be long and sometimes difficult, but america cannot resist the transition, but we h
the state of the union, on february 1 #* 12th, there's a deal about deficit reduction, and the ceiling. >> i hope you are right. he's had four years now to really put out there a serious entitlement reform, and he has not because he's not interested in it and the base is not interested in it. >> that will happen, that will happen. >> he gave no conclusion whatsoever if you read the speech, listen to the speech, it was all about the collectivism that thing z have to be done...
126
126
Jan 17, 2013
01/13
by
MSNBCW
tv
eye 126
favorite 0
quote 0
it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love. the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? l
it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years....
118
118
Jan 14, 2013
01/13
by
MSNBCW
tv
eye 118
favorite 0
quote 0
deficit would go up. i mean, we're talking about a very punishing thing that will affect american people who had nothing to do with what they're trying to object to or deal with. >> you oo >> you're absolutely right. congress spent that money. they spent it. whether they liked it or not, they were the ones who spent it. but it's more important than that. it's what you point out. the stakes here are really high for the republican party. far be it from you to advise the republican party. but if i did, i would say stay away from shutting the government down. stay away from letting the debt ceiling not be raised because those are things that the american people will hate. they'll hate us defaulting onli blame you for it. they'll hate us shutting the government down. if you want to make a stand, make it in the sequester. the sequester has a lot of things that are painful to the democrats and the president. that's the place to plak the stand. and, look, everyone agrees, every rational person agrees with michael
deficit would go up. i mean, we're talking about a very punishing thing that will affect american people who had nothing to do with what they're trying to object to or deal with. >> you oo >> you're absolutely right. congress spent that money. they spent it. whether they liked it or not, they were the ones who spent it. but it's more important than that. it's what you point out. the stakes here are really high for the republican party. far be it from you to advise the republican...
205
205
Jan 15, 2013
01/13
by
FBC
tv
eye 205
favorite 0
quote 0
. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the problem is, you are offering a countervailing you. the republicans, with all due respect, are not. there is not an alternative narrative, not pushing the president to negotiate, and he is not talking to anybody. lou: i love this comment. the president saying of the second amendment is not whether we believe in the second member not. you have to literally hear this to believe it. but. >> the issue here is not whether or not we believe in the second amendment. the issue is, are there sensible steps that we can take to make sure that somebody like the individual in newtown cannot walk into a school and gun down
. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the...
330
330
Jan 20, 2013
01/13
by
FOXNEWSW
tv
eye 330
favorite 0
quote 1
talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the democrats shut them out completely. maybe this time bipartisan. >> brian: that's not the harry reid i know. >> alisyn: let's get to other stories in the headlines, late last noos night, two drones strikes, at least three of the bodies were burned beyond recognition. the death toll could rise in the hostage crisis at a gas plant in algeria. many were killed including one american. two americans are still missing and the crisis ended yesterday when the algerian army attacked the plant killing two militants. president obama said this is attack is another reminder of the threat posed by al-qaeda and other violent e
talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the...
178
178
Jan 14, 2013
01/13
by
CNBC
tv
eye 178
favorite 0
quote 0
default would increase borrowing costs and therefore add to future budget deficits. this letter from the treasury secretary intended to put more political and public pressure on congress to do something on the debt ceiling. so we're seeing the administration across the board acting in a very conservative way today. >> thank you very much. >>> up next, he spent millions of his own money warning about dangers of socialism. now the next crisis in washington. tom peterffy will join me next. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark
default would increase borrowing costs and therefore add to future budget deficits. this letter from the treasury secretary intended to put more political and public pressure on congress to do something on the debt ceiling. so we're seeing the administration across the board acting in a very conservative way today. >> thank you very much. >>> up next, he spent millions of his own money warning about dangers of socialism. now the next crisis in washington. tom peterffy will join...
108
108
Jan 15, 2013
01/13
by
MSNBCW
tv
eye 108
favorite 0
quote 0
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. >> if the country defaults on its debt, republicans will take the blame for the damage, as president obama pointed out, the country is required by law to pay for what congress spends. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that your paying to care for our veterans. they lay all this out for me. because they have the spending power. and so i am required by law to go ahead and pay these bills. >> many republicans are willing to just let it all burn to the ground. politico reported more and more house republicans are planning to damage the economy. gop officials said more than half of their members are prepared to allow default unless president obama agrees to dramatic cuts he has repeatedly said
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. >> if the country defaults on its debt, republicans will take the blame for the damage, as president obama pointed out, the country is required by law to pay for what congress spends. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department at such...
100
100
Jan 18, 2013
01/13
by
FBC
tv
eye 100
favorite 0
quote 0
for the rest of the week, the question is the deficit talks. are they going to lead to something? will they accept a temporary deal or not? will the market have this pullback that everybody, this hour has been talking about. people are waiting for it. a lot of people have cash. they have been keeping the powder dry, waiting for a pullback to go into the market. we may get clues whether that will happen coming up next week. liz: the team will be here for you on fox business, watching. remember what we've seen. five-year highs. watch out for ample next week and so much more. david: you know who is now? liz: "money" with melissa francis. david: we'll watch, melissa. liz: i'm hopping a plane. see you in davos. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider i
for the rest of the week, the question is the deficit talks. are they going to lead to something? will they accept a temporary deal or not? will the market have this pullback that everybody, this hour has been talking about. people are waiting for it. a lot of people have cash. they have been keeping the powder dry, waiting for a pullback to go into the market. we may get clues whether that will happen coming up next week. liz: the team will be here for you on fox business, watching. remember...
253
253
Jan 15, 2013
01/13
by
CNBC
tv
eye 253
favorite 0
quote 0
he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announ
he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing...
140
140
Jan 16, 2013
01/13
by
CNBC
tv
eye 140
favorite 0
quote 0
you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very muc
you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing...
41
41
Jan 18, 2013
01/13
by
MSNBC
tv
eye 41
favorite 0
quote 0
i didn't think it went far enough with regard to deficit reduction. i didn't think it went far enough with regard to entitlements. so i was a no vote, and i walked into the house that night and the republicans were high-fiving saying they don't have the votes and the democrats were figuring out how they could switch their votes and i said wait a minute, we came in with this president in '92, it was the largest class of women, there were 21 new women, 24 democrats. and the president was on the phone, and he said what would it take? and i said a serious discussion about entitlements, further cuts, and i'll only be your last vote because there had only been two -- in the house as you know, a tie vote goes down. >> sure. >> so i said i'd only be your 218th vote and there had been two votes i knew like this in history. one for the impeachment of andrew johnson and the other one for the draft. >> so -- >> and i said -- and they needed me. but i represented the most -- >> the president needed you, correct? >> correct. >> and the president right now needs dem
i didn't think it went far enough with regard to deficit reduction. i didn't think it went far enough with regard to entitlements. so i was a no vote, and i walked into the house that night and the republicans were high-fiving saying they don't have the votes and the democrats were figuring out how they could switch their votes and i said wait a minute, we came in with this president in '92, it was the largest class of women, there were 21 new women, 24 democrats. and the president was on the...
100
100
Jan 16, 2013
01/13
by
MSNBCW
tv
eye 100
favorite 0
quote 0
and the other factor, too, is we can't forget that one of the best anecdotes to a deficit is a strong, growing economy, particularly growing jobs. and so there are things we have to do to grow jobs. >> i think everybody agrees on the jobs front. anyway, senator jack reed, democrat from rhode island, the senior man when it comes to military affairs in the u.s. senate these days. thank you, sir. >> thank you. >>> up next, the presidential limo gets tagged a political punch. and the second term shuffle continues. another cabinet secretary announces his time for departure. >>> plus, former president bill clinton speaks out on secretary clinton's health and how it could affect any ambitions she might have for 2013. >>> but first, today's trivia question. how many presidents have been inaugurated in an even-numbered year? tweet me the answer, @chucktodd and @dailyrundown. the first correct answer gets a follow we say from us. the correct answer and more is coming up on t"the daily rundo " rundown." nothing. are you stealing our daughter's school supplies and taking them to work? no, i was j
and the other factor, too, is we can't forget that one of the best anecdotes to a deficit is a strong, growing economy, particularly growing jobs. and so there are things we have to do to grow jobs. >> i think everybody agrees on the jobs front. anyway, senator jack reed, democrat from rhode island, the senior man when it comes to military affairs in the u.s. senate these days. thank you, sir. >> thank you. >>> up next, the presidential limo gets tagged a political punch....
94
94
Jan 14, 2013
01/13
by
CSPAN2
tv
eye 94
favorite 0
quote 0
violent neighborhoods, poverty, homelessness, food insufficiency, you just can't overcome those kind of deficits by providing head start education program. so that's where the book began. and most o the people advised me said, well, it's a very interesting book. i'm sure you'll get on fox tv. my goal was not to be a critic. i said, let me do part two of the book, to calm people down and say there are some social programs that are quite effective, and maybe we can learn a lesson from them. the big quiz that in the course of writing the book i conducted and bored to death my wife and my children, was, let me sit down with everybody i know and tell me the three government programs that have been the most effective in, say, the last 65 years. almost every one of my academy friends would say head start and i would say, wrong. no evidence it works. the most effective government program is in sort of chronological order, social security, the g.i. bill, 1944, and medicare in 1965. now, there will be some pushback about that. even u.s.a. today had an editorial today that said social security is a pay as
violent neighborhoods, poverty, homelessness, food insufficiency, you just can't overcome those kind of deficits by providing head start education program. so that's where the book began. and most o the people advised me said, well, it's a very interesting book. i'm sure you'll get on fox tv. my goal was not to be a critic. i said, let me do part two of the book, to calm people down and say there are some social programs that are quite effective, and maybe we can learn a lesson from them. the...
138
138
Jan 15, 2013
01/13
by
MSNBCW
tv
eye 138
favorite 0
quote 0
. >> ironically would probably increase our deficit. it is absurd. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more s
. >> ironically would probably increase our deficit. it is absurd. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an...
181
181
Jan 21, 2013
01/13
by
FBC
tv
eye 181
favorite 0
quote 0
president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to turn around the japan
president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox...
144
144
Jan 21, 2013
01/13
by
KQED
tv
eye 144
favorite 0
quote 0
it is the congress decides how big the deficit will be but the president has to work with congress. we need more revenue and we need to drive down spending. i think the president understands that and he is working on this but he cannot do this alone. >> looking forward to the next four years, do you see an america that is retreating? >> i see an american -- an america that is moving to asia. the america they are focusing on asia but have not forgotten about europe and our new allies, and this is an america that is still concerned about issues in the middle east and other parts of the world. but america cannot do everything for everybody. if you think america will become isolationist, that will not happen. >> the world has such high expectations for this president. his single biggest problem was said to be high expectations. >> does any politician ever meet all of the campaign expectations. you come in with an agenda and you do the best that you can. you will succeed on some issues and you will not succeed and there will be a tie on some issues. and the president understands with the
it is the congress decides how big the deficit will be but the president has to work with congress. we need more revenue and we need to drive down spending. i think the president understands that and he is working on this but he cannot do this alone. >> looking forward to the next four years, do you see an america that is retreating? >> i see an american -- an america that is moving to asia. the america they are focusing on asia but have not forgotten about europe and our new...
143
143
Jan 21, 2013
01/13
by
FBC
tv
eye 143
favorite 0
quote 0
moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of togetherness, showing a willingness to work together. you still have a very divided washington and washington that is trying to wade through these problems with two very different gun and philosophies, two very different ideas on how to achieve success. lori: the president digging in. you mentioned the philosophy. this proposal being floated about. >> right. this is at three day proposal. three months proposal. excuse me. republicans will vote on it in a few days in the house. it has not gone completely shut down, so we may get at three month extension of the debt ceiling. extendi
moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of...
147
147
Jan 14, 2013
01/13
by
KQED
tv
eye 147
favorite 0
quote 0
and japan famously has run deficits year after year. and it has a level of debt that is about twice what we've got as a share of gdp. and people have been predicting financial catastrophe for japan year after year for ten years or more. they've had downgrades. their debt was downgraded in 2002 by the major rating agencies. and everybody who believed those warnings and everybody -- has lost a lot of money. so it turns out that if you're an advanced country with its own currency and a reasonably stable government, you have a lot of running room on these things. so am i worried? yeah, i mean, i am worried about the u.s. fiscal situation 20 years from now. we do have a problem of health care costs and so on. but, you know, i'm worried about a lot of other things 20 years as well. i'm not sure that even if you take that long term perspective, that the budget should be at the top of your list of things to be afraid of. i'm a lot more afraid, actually, of the great -- the entire southwest of the united states turning into a dustbowl because of
and japan famously has run deficits year after year. and it has a level of debt that is about twice what we've got as a share of gdp. and people have been predicting financial catastrophe for japan year after year for ten years or more. they've had downgrades. their debt was downgraded in 2002 by the major rating agencies. and everybody who believed those warnings and everybody -- has lost a lot of money. so it turns out that if you're an advanced country with its own currency and a reasonably...
194
194
Jan 16, 2013
01/13
by
CNBC
tv
eye 194
favorite 0
quote 0
the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth which it self might be a function of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac
the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth...
100
100
Jan 21, 2013
01/13
by
FBC
tv
eye 100
favorite 0
quote 0
david: so will america have to learn to live with the european-sized deficit? let's ask gerry seib, the "wall street journal" political editor. first of all, why are you here in new york when the inauguration is in d.c.? >> too much insanity down there. david: all right. he made a reference to the deficit but immediately followed that reference with a big but, he said we have to cut the deficit but we need to continue to spend more money for a bigger government? >> i think you have to think of this inaugural as having messages for both republican opposition and also his own base. i think the message to republicans was look, i have an agenda for a second term. it is going to include some things we didn't get around to like climate control in the first term because we were dealing with an economic crisis, and to his base he's saying look i'm not going to give in, i'm not going to cave because he's under some pressure from the left from people who say you have given up too much, you haven't talked about the poor enough. david: there are other democrats who are say
david: so will america have to learn to live with the european-sized deficit? let's ask gerry seib, the "wall street journal" political editor. first of all, why are you here in new york when the inauguration is in d.c.? >> too much insanity down there. david: all right. he made a reference to the deficit but immediately followed that reference with a big but, he said we have to cut the deficit but we need to continue to spend more money for a bigger government? >> i think...
53
53
Jan 17, 2013
01/13
by
CSPAN2
tv
eye 53
favorite 0
quote 0
we have an education deficit. we have skill development deficits closely related to education. we have an infrastructure development and repair deficit of e mori nows -- enormously important pace of proportions, and look at other countries from the recession and countries with very different political systems than ours to see the close relationship that infrastructure investment and development have on the likelihood and pace of recovery from a severe, global downturn. we also have, if not a deficit, an important urgent need to address the issue of energy and independence and opportunity that's sitting right in front of us ready to be advanced in the next year or two, but that requires leadership and initiative in washington and immigration reform, again, the subject that was discussed before. one more word, finally, about the process. for this, i go back to an earlier part of my life as a professor of law and one of the subjects i taught every year was negotiation. negotiation of a variety of contacts from international to commercial and transactional to labor management dispu
we have an education deficit. we have skill development deficits closely related to education. we have an infrastructure development and repair deficit of e mori nows -- enormously important pace of proportions, and look at other countries from the recession and countries with very different political systems than ours to see the close relationship that infrastructure investment and development have on the likelihood and pace of recovery from a severe, global downturn. we also have, if not a...
431
431
Jan 21, 2013
01/13
by
CNBC
tv
eye 431
favorite 0
quote 0
we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things do not zap our initiative, they strengthen us. [ applause ] they do not make us a nation of takers, they free us to take the risks that make this country great. [ cheers and applause ] we, the people, still believe that our obligations as americans are not just to ourselves but to all poste
we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the...
342
342
Jan 14, 2013
01/13
by
MSNBCW
tv
eye 342
favorite 0
quote 0
there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so far, we've actually had $2.4 trillion over a ten-year period of deficit reduction. but about 30% of it has come from rev lienue increases and at the other 70% from come from spending cuts. entirely from discretionary programs. >> what's the budget control act? >> it's what came out of the last debt ceiling debacle when the republicans and the democrats agreed on this trillion dollars of roughly discretionary -- all discretionary spending reductions. but the point is, none of this really touches entitlements. none of it touches the mandatory. and its $2.4 trillion. >> wh
there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so...
275
275
Jan 19, 2013
01/13
by
CNNW
tv
eye 275
favorite 0
quote 0
the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this president was re-elected. he owes them that. it has been a priority for him. he is going to find a way to get it done. hopefully republicans understand if they want a chance to get to the white house any time in the next four years, eight years, a generation, they'll have to do something on immigration. >> all right. so, amy, maria's number three is your number one. which is immigration. number two is obama care. number three, mystery scandal. so, let's talk about immigration, first. though i'm dying to get to that scandal. >> good morning. it's so great to see that vie
the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this...
214
214
Jan 21, 2013
01/13
by
FOXNEWSW
tv
eye 214
favorite 0
quote 0
he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights issue is taking a turn, as well, right? >>reporter: no question. he was able to pass the health care bill in the first term. the second term, in part, will be about implementing that law that republicans opposed but, obviously, chief justice roberts was the justice that helped decide that, in fact, it is the law of the land. the president, we should note, suggested he is going to reach out to republicans. he started the day at st. john's church across lafayette park, a little prayer service, and the pastor talked about how the pastor in chief in recent days in places like newtown, connecticut, has to reach
he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights...
107
107
Jan 18, 2013
01/13
by
FBC
tv
eye 107
favorite 0
quote 0
he has said, the president remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he hates the debt limit. you remember the former treasury secretary, the guy who said i need $700 billion right now? no wonder he hates it. ashley: don't we all. tracy: he has given a rare interview. we have details on that next. ashley: first a look at today's winners and losers. the dow just above the water mark. take a look. we'll be right back. ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes s
he has said, the president remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he...
234
234
Jan 14, 2013
01/13
by
MSNBCW
tv
eye 234
favorite 0
quote 0
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's already spent in less than four weeks. i have cousins that do that. they play to hold the debt ceiling hostage. aides say half the conference is ready to let the nation default. speaker boehner will school them on the real threat later this week. even a temporary extension for, say, two or three months could rattle the markets and threaten the nation's credit rating. last time they hashled out a debt deal? summer of 2011 and we ended up more than a trillion dollars in mandatory spending cuts and congress still hasn't addressed and delayed again until marc
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's...
124
124
Jan 15, 2013
01/13
by
CSPAN2
tv
eye 124
favorite 0
quote 0
we don't have that kind of capability in the federal government to add the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is? >> guest: technology aspect is manifold. and price performance improves every 18-24 mocks. in the last year we have gotten into the innovation cycle in batteries so by the end of 2020 electric vehicles will actually be price competitive with grass-driven cars. the problem with these things is that we can't wait. we can't wait because of the environmental effects and we can't wait because we need the economy to grow quickly right now. so the book lays out a whole bunch of different ideas for bringing private investment much more quickly into the job of rebuilding the power grid. >> host: on this show, a series on the international power plant, and he doesn't necessarily agree that the internet is completely green or is terribly green. what is your thought? >> guest: he is right about that. people say that data centers in
we don't have that kind of capability in the federal government to add the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is? >> guest: technology aspect is manifold. and price performance improves every 18-24 mocks. in the last year we have gotten into the innovation cycle in batteries so by the end of 2020 electric vehicles will actually be price...
200
200
Jan 21, 2013
01/13
by
FOXNEWSW
tv
eye 200
favorite 0
quote 1
again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox should start a campaign for me. very flatter
again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more...
67
67
Jan 17, 2013
01/13
by
CSPAN2
tv
eye 67
favorite 0
quote 0
impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer retirement than had occurred in 1995. this is a very serious issue. currently the social security retirement is a pay-as-you-go system that provides more annual benefits than the payroll tax collectors. if left alone, this eventually will lead to insolvency particularly with the rapidly increasing number of baby boomers retire in every day as was referred to by maya and louis. there isn't time today nor do i have the proven expertise to suggest specific solutions it's important that the contras and the administration analyze acceptable me
impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer...
85
85
Jan 17, 2013
01/13
by
CSPAN2
tv
eye 85
favorite 0
quote 0
that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross domestic product. you can see right in the middle of that graph, in 2012, the gross debt of the united states has now reached 104%. why does that matter? the best academic research, a book by rogoff of harvard, reinhard, the university of michigan i think she was when she did the study, look at 200 use of economic history. and concluded once you get a gross debt of more than 90% of your gross domestic product, your future economic prospects are dramatically reduced. future economic growth is reduced anywhere from 25 to 33%. so these are not just numbers
that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross...
77
77
Jan 17, 2013
01/13
by
CSPAN
tv
eye 77
favorite 0
quote 0
he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal that has become the defining memo for the effort to try to get that is under control. is fond of quoting a friend of his, the foreign minister of australia. we met a few months ago who said to him the united states is one debt deal away from leading the world out of fiscal chaos and disruption. we are. we truly are. we are a nation on the brink of massive economic expansion. from the place that can't is from, north dakota, you see the change in the paradigm on energy. we will go from an important country to exportin
he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal...
382
382
Jan 18, 2013
01/13
by
FOXNEWSW
tv
eye 382
favorite 0
quote 0
leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some people. >> with the white house refusing to negotiate spending cuts and the democrat controlled senate unlikely to pass a budget as part of a long-term deal to raise the tet ceiling, pat toomey of pennsylvania is reintroducing legislation he says will avert the u.s. from defaulting on the debt. >> we must prioritize three categories of payments. one would be debt service, interest on the debt so we would haven't default. a second would be social curt payment to seniors so they don't worry whether the check is coming or not. the third is pay for the active duty military personnel. >> the white house is
leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some...
261
261
Jan 20, 2013
01/13
by
FOXNEWS
tv
eye 261
favorite 0
quote 0
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. and these come t
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [...
109
109
Jan 13, 2013
01/13
by
CSPAN2
tv
eye 109
favorite 0
quote 0
and with new york's budget deficit, it seems obvious that hydrofracking is the way to go. and, of course, governor cuomo is free to set whatever regulations he wants about that to ensure the safety of quality and other things that residents are concerned about. i would say that the project should proceed. it's brought benefit to other states. there's no reason that new york should be left behind. >> okay. right in front. wait for the mic a fun. >> you get very good examples of unsuccessful creations of new green jobs. had also looked at elimination of existing jobs like really good cost-benefit analysis done for regulations? >> the cost-benefit analysis for mercury was a travesty. if you look at the cost-benefit analysis carefully, all the benefits from reducing mercury came from getting rid of particulates and particulates were not the focus of that particular regulation. and what was interesting is the benefits focus on additional days of school. in other words, a few days of schools miss, two days of work missed because of lower levels of particulates, and particularly
and with new york's budget deficit, it seems obvious that hydrofracking is the way to go. and, of course, governor cuomo is free to set whatever regulations he wants about that to ensure the safety of quality and other things that residents are concerned about. i would say that the project should proceed. it's brought benefit to other states. there's no reason that new york should be left behind. >> okay. right in front. wait for the mic a fun. >> you get very good examples of...
110
110
Jan 15, 2013
01/13
by
CSPAN
tv
eye 110
favorite 0
quote 0
the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and then we can move on, because america has a lot to do. we have to create more jobs, boost the wages of those that have worked and reached for energy independence, reformed immigration system. we have to give our children the best education possible and do everything we can to protect them from the horrors of gun violence. i am grateful to vice president biden for his work on this issue of gun violence and for his proposals, which i will review later today and address in the next few days and intend to vigorous
the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and...
82
82
Jan 15, 2013
01/13
by
CSPAN
tv
eye 82
favorite 0
quote 0
down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor laws, workplace safety laws, environmental regulations to protect, in a sensible fashion, the economy. foreign countries can sell them cheaper the in this country and i think that applies to automobiles as well. maybe the way to have these sensible regulations is to have a sensible tax along the line you are talking about. host: we are talking with freshman democrat from pennsylvania, rep cartwright. next caller. caller: the definition of the fault is not being able to pay your bills. -- the definition of default is not being able to p
down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor...
174
174
Jan 20, 2013
01/13
by
MSNBCW
tv
eye 174
favorite 0
quote 0
another thing going on is deficit politics. i'm not saying just the deficit itself, which with a balanced approach we can take care of like we did in the '90s after bush one. i think deficit politics, there's a fear of it, it's ginned up, becomes a big obstacle to doing things he wants to do and that the country needs like investing in our economic infrastructure, improving public education, jump-starting new industries to keep us competitive, that sort of thing. i think that's going to be a big obstacle to a lot of things in the second term. >> he touched on the deep division that marked certainly the second part of his first term, robert. gridlock in congress. what is the gop's strategy for working with this president in the second term? because surely they don't want to be labeled as obstructionist for the next four years. >> the posture of the gop for the first term is to deny this president the second term. now that he is in his second term, i think what the republicans will do most likely is let's see where we can find co
another thing going on is deficit politics. i'm not saying just the deficit itself, which with a balanced approach we can take care of like we did in the '90s after bush one. i think deficit politics, there's a fear of it, it's ginned up, becomes a big obstacle to doing things he wants to do and that the country needs like investing in our economic infrastructure, improving public education, jump-starting new industries to keep us competitive, that sort of thing. i think that's going to be a...
150
150
Jan 15, 2013
01/13
by
FOXNEWSW
tv
eye 150
favorite 0
quote 0
in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are going to tell us that we will be downgraded. you have to have a discussion in the broader context. this is why the things are different when you talk about $17 billion in this particular mulvaney amendment. it is not a ton of number. in the context of $1.2 trillion debt. but you to have the discussions about the $17 billion. it's not out of line to suggest that a 1.6%be off-set is reasonable. >> bret: i will say one thing aboutbe the debt ceiling debate quickly. president obama yesterday and then jay carney back in 2011 two different takes but the same message. >> congressional republicans refuse to pay a
in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are...